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Well at least you will have something to do for the next 3 years BP and it's a relatively inexpensive hobby for you as key boards last a long time. Don't forget you are much loved on this BB for your special qualities, the special one!
This RNS has cleared up a lot speculation, the oil can has been kicked down the street.
Power and politics (given elections in June) are having a significant influence on the ability of local ministers and central government to take matters forward and sign key documents. PM may have to dilute, they may have to seek legal council but please remember the oil refinery that will require oil stock from the Heron well. Petro Matad will get the oil out of the ground I suspect late summer.
An RNS will have to arrive very soon ref the AGM as the last one was held in February. Mike B is probably holding off as long as possible to link the operational update and AGM notice together. He has done this before, although we need to take note that he has delivered both good and bad news at the AGM event.
This is the Tweet, a positive move
Given the severity of this year’s winter in Mongolia, Petro Matad has made a donation to Matad Soum. The donation included 132 tonnes of fuel, wrapped hay, livestock cover blankets, winter working gloves and food supplies
RNS is the key driver to market share price and manipulation by MMs. The rest of the BB can only have marginal influence mainly on private investors who aren't majority share holders. The best indication I have had this weekend that something is going to happen is this:
A Heron flew over the 14th hole where I play golf on Saturday, never happened in 50 years of membership (joined at 10yrs old)
A Heron was on the 17th hole at TPC Sawgrass last evening where I will be playing in three weeks time
My wife who does online jigsaws was sent a random jigsaw by the system this morning - it was a Heron
So there you go. This is the week of the Heron so forget everything else that will be posted on this BB this week!
I've been in a similar position Investor33 since 2017 but always kept the faith based on MY understand of the market forces at play. My thanks to WOS for the avalanche of information and thought provoking statements that have always shown the positive side of investment. At the end of the day the RNS is king and I do believe Mike B has done a good job given the political turmoil and weak governance. Derampers will always exist as they have their own aims to achieve and living to make. This is the year of the Heron but only for shareholders!
Correct version no typos
The ONLY reliable source of information is the RNS. If decisions have been based on the chit chat that goes on any of the boards then yes it is a high risk tactic based on very poor and unstable information. Best to do a PEST or PERT analysis. As I have said, an RNS is due anytime even if it's just a notice to the long overdue AGM. People seem to forget an oil refinery is being built that at some point in time must link up to Heron in one form or another.
The ONLY reliable source of information is the RNS. If decisions have been based on the chit chat that does on any of the boards then yes it is a high risk tactic based on very information. Best to do a PEST or PERT analysis. As I have said, an RNS is due anytime even if it's jus a notice to the long overdue AGM. People seem to forget an oil refinery is being built that at some point in time must link up to Heron in one form or another.
You need to look at the history of Mongolia and it's relationship with China and Russia to understand why Mongolia wants independence as a Sovereign state. Securing it's own fuel supplies is a significant step in achieving this goal. Avo33, you are either being a little bit silly or trying to stir up something.
Thanks WOS and Investor 33 for clarifying how the system works. I was an accountant by traded (retired age 53yrs) so I will go away and have a look at the candles etc. I have been here for seven years with an avg price of 4p and 500K plus shares so I will wait for the next RNS. AIM has always carried risks which must be accepted at the point of investment.
Thanks WOS. You make good valid points particularly over land ownership. Just one question as I'm interested in how things work. What system or mechanism tells you the PetroMatad shares are Oversold? It's a genuine question.
Many thanks